https://www.taxtmi.com/caselaws?id=331536 Penalty and interest were found unsustainable where the assessee had acted under a bona fide belief as to the applicable composition treatment and the underlying tax had already been discharged. The Court accepted that the payment had been made and held that, in these circumstances, the consequential levies could not be justified in law. The authorities were held to have erred in sustaining penalty and interest, and any amount already paid under those heads was directed to be refunded. en-us Thu, 04 Aug 2016 00:00:00 +0530 Thu, 29 Dec 2016 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331536 Penalty and interest were found unsustainable where the assessee had acted under a bona fide belief as to the applicable composition treatment and the underlying tax had already been discharged. The Court accepted that the payment had been made and held that, in these circumstances, the consequential levies could not be justified in law. The authorities were held to have erred in sustaining penalty and interest, and any amount already paid under those heads was directed to be refunded. Case-Laws VAT and Sales Tax Thu, 04 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331536